An on-chain report indicates that a whale deposited 234,900 USDC into Hyperliquid to increase an existing 25x leveraged ETH long position. The trader now holds 3,725 ETH worth $11.56 million, with a floating profit of $142,000 and a liquidation price set at $2,981. This move follows the same address’s prior large losses from BTC, XRP, and ZEC short liquidations, suggesting a strategic pivot to long exposure on Ethereum.